A share price of Calumet Inc. [CLMT] is currently trading at $19.98, down -3.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLMT shares have gain 17.88% over the last week, with a monthly amount glided 63.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Calumet Inc. [NASDAQ: CLMT] stock has seen the most recent analyst activity on August 12, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $18 from $20. Previously, Goldman upgraded its rating to Buy on August 18, 2022, and elevated its price target to $23. On February 28, 2022, Cowen reiterated its Outperform rating and revised its price target to $20 on the stock. Credit Suisse started tracking the stock assigning a Neutral rating and suggested a price target of $23 on January 06, 2022. Wolfe Research upgraded its rating to a Outperform but $30 remained the price target by the analyst firm on November 23, 2021. Cowen upgraded its rating to Outperform for this stock on November 23, 2021, and upped its price target to $23. In a note dated October 04, 2021, H.C. Wainwright initiated an Buy rating and provided a target price of $19 on this stock.
Calumet Inc. experienced fluctuations in its stock price throughout the past year between $9.97 and $20.86. Currently, Wall Street analysts expect the stock to reach $22.35 within the next 12 months. Calumet Inc. [NASDAQ: CLMT] shares were valued at $19.98 at the most recent close of the market. An investor can expect a potential return of 11.86% based on the average CLMT price forecast.
Analyzing the CLMT fundamentals
Trailing Twelve Months sales for Calumet Inc. [NASDAQ:CLMT] were 4.27B which represents 11.39% growth. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.05 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.71.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.18 points at the first support level, and at 18.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.99, and for the 2nd resistance point, it is at 21.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Calumet Inc. [NASDAQ:CLMT] is 0.65. On the other hand, the Quick Ratio is 0.33, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.40.
Transactions by insiders
Recent insider trading involved Morical Gregory J, SVP, GENERAL COUNSEL, that happened on May 15 ’24 when 11111.0 shares were sold. Director, Mawer Stephen P completed a deal on Jan 18 ’24 to sell 15037.0 shares. Meanwhile, Chief Accounting Officer Willman Ryan sold 1000.0 shares on Oct 19 ’23.
